Beazley (LON:BEZ) Earns Equal Weight Rating from Morgan Stanley

Beazley (LON:BEZGet Rating)‘s stock had its “equal weight” rating reaffirmed by investment analysts at Morgan Stanley in a research note issued on Wednesday, Digital Look reports.

Other analysts also recently issued research reports about the company. Shore Capital reissued a “buy” rating on shares of Beazley in a report on Thursday, February 10th. Barclays restated an “overweight” rating and set a GBX 541 ($6.67) price target on shares of Beazley in a research report on Friday, May 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 600 ($7.40) price objective on shares of Beazley in a report on Friday, April 1st. JPMorgan Chase & Co. boosted their target price on Beazley from GBX 650 ($8.01) to GBX 670 ($8.26) and gave the stock an “overweight” rating in a report on Monday. Finally, Berenberg Bank increased their price target on Beazley from GBX 610 ($7.52) to GBX 630 ($7.77) and gave the company a “buy” rating in a research note on Friday, May 6th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 504.60 ($6.22).

Shares of LON BEZ opened at GBX 439.80 ($5.42) on Wednesday. The company has a quick ratio of 0.96, a current ratio of 1.20 and a debt-to-equity ratio of 29.99. The firm’s 50-day moving average price is GBX 413.94 and its two-hundred day moving average price is GBX 434.68. Beazley has a 52-week low of GBX 291.50 ($3.59) and a 52-week high of GBX 516.20 ($6.36). The stock has a market capitalization of £2.68 billion and a P/E ratio of 10.77.

In other news, insider Adrian Cox sold 6,607 shares of the firm’s stock in a transaction on Monday, February 14th. The stock was sold at an average price of GBX 483 ($5.95), for a total value of £31,911.81 ($39,343.87). Also, insider Sally Lake sold 4,841 shares of the company’s stock in a transaction on Wednesday, March 23rd. The shares were sold at an average price of GBX 414 ($5.10), for a total value of £20,041.74 ($24,709.33). Insiders sold a total of 14,862 shares of company stock valued at $6,854,559 in the last quarter.

About Beazley (Get Rating)

Beazley plc provides risk insurance and reinsurance solutions in the United States, Europe, and internationally. Its Cyber & Executive Risk segment underwrites management liabilities, such as employment practices risks and directors and officers, cyber and technology, and media and business services.

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Analyst Recommendations for Beazley (LON:BEZ)

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